Second Mortgages

Here at Homeguard we believe that we can truly help you when it comes to mortgage financing. Equity in a home is created overtime through capital appreciation (increased value) together with decreasing 1st mortgage balance as payments are made.

Very often you hear “Use your equity to work for you.” Some homeowners may elect to borrow against the equity in their home to get cash, do renovations, for education for their children or to consolidate personal debts. This is what a second mortgage is may be used for.

Second mortgages also are used for business purposes. Business these days need funds to grow. Homeguard can help with financing 2nd mortgages on commercial and rental properties as well as owner occupied residences.

Our second mortgages can allow quality borrowers to access funds up to 100% of your property value (Owner-occupied residential only). Interest rates will vary from prime rate and up subject to Current Land Value combined loan to value ratio 1st + 2nd mortgage amounts and appraised market value.

There are many times a second mortgage may be advisable to use relative to breaking a first mortgage and paying high penalties Homeguard‘s mortgage agents can provide you with an analysis to help you make this decision.

Let us help you, call our office and get a free consultation today. We will listen to your requirements and give your advice on how to best structure your mortgage.

Contact our office for further details at 1 (800) 225-1777.



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